About Us

ABOUT

The Climate Finance Blending Facility (the “Facility”) is a catalytic first loss multi-donor facility seeded with £10 million concessional funding by the UK Foreign, Commonwealth & Development Office (“FCDO”) to mobilise additional funding from development partners to co-finance off-grid clean energy investments alongside InfraCredit’s local currency guarantees in Nigeria.

Collectively, a pipeline of off-grid renewable energy projects have been identified that will be financed under the Programme in 32 states across the six geo-political zones in Nigeria

Risk Sharing

Risk mitigation instruments with development partners structured to catalyse private finance that would not otherwise flow.

Local Currency Funding

Pooled local currency financing through the Facility to support eligible off-grid energy projects

Blended Finance

Strategic use of development finance and philanthropic funds to mobilise private capital flows.

Market Opportunity

Broadening the market through inclusive growth by addressing the unserved and underserved markets
In Nigeria, MSMEs contribute 48% of national GDP, account for 96% of businesses and 84% of employment. Despite the significant contribution of SMEs to the Nigerian economy, access to traditional financing is limited, short term and expensive with persisting infrastructure challenges that hinder the growth and development of the sector.
We believe for sustainable and inclusive finance, local capital markets and blended finance can join forces to play an especially important role in enabling stable access to innovative finance for climate-smart infrastructure – from clean energy, better storage, transport to faster connectivity that will create jobs, protect the environment, support gender inclusion, reduce poverty and promote post pandemic economic recovery.
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SMEs contribution to Nigeria’s GDP in the last five years
SMEs account for 96% of businesses in Nigeria
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According to a survey carried out by PwC
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In Nigeria, SMEs employ 84 percent of the workforce
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Percentage of Nigeria’s trade balance comes from SMEs
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Pension Penetration in Nigeria As of July 2021
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Estimated Number of SMEs in Nigeria
SMEs account for c.50% of industrial jobs and c.90% of the manufacturing sector.
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The Pension Industry has a strategic objective of covering 30% of the working population under the Contributory Pension Scheme by 2024.

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